• MainStreet
  • Downtown Thursdays
  • Owatonna Business Partnership
  • Visit Owatonna
  • Member Login
  • Business Resources
Owatonna Area Chamber Of Commerce & TourismOwatonna Area Chamber Of Commerce & TourismOwatonna Area Chamber Of Commerce & TourismOwatonna Area Chamber Of Commerce & Tourism
  • ABOUT
    • About Owatonna
    • Mission
    • Board of Directors
    • Chamber Team
    • Contact Us
    • Join Now
  • MEMBERS
    • Join Now
    • Benefits
    • Business Directory
    • Chamber Events
    • Chamber Gift Certificates
    • Committees/Volunteer Opportunities
    • FAQs
    • Market Your Business
    • Member Login
  • SHOP LOCAL
  • ADVOCACY
    • Government Officials
    • Legislative Agenda
    • Running for Office
  • WORKFORCE
    • Find a Job
    • Made in Owatonna
    • SteeleCo.Works
    • Ted G. Ringhofer Scholarship
  • EVENTS & PROGRAMS
    • Chamber Events
    • Annual Dinner
    • Business After Hours
    • Business Boot Camp
    • Chamber Growth Breakfast Series
    • Golf
    • Grow Minnesota!
    • Owatonna Community Leadership Academy
    • Young Professionals
  • LIVING HERE
    • Area Churches
    • Chamber Gift Certificates
    • Community Calendar
    • Landlord & Tenant Handbook
    • New Resident information
    • Owatonna Chamber Foundation
    • Request a Visitor’s Guide
    • Rental Information
    • Visit Owatonna
  • NEWS
    • Business Brief
    • Chamber Blog

Updated Unemployment Projections Show Job Openings or Growth

    Home Attract & Retain Talent Updated Unemployment Projections Show Job Openings or Growth

    Updated Unemployment Projections Show Job Openings or Growth

    By BMeier | Attract & Retain Talent | 0 comment | 14 June, 2022 | 0

    Newly updated employment projections data from DEED’s Employment Outlook shows that the Southeast region of the state is projected to see job growth, that is see new jobs, to the tune of 5.1% from 2020 to 2030. That equals 13,235 new jobs or 10.2% of the total openings that the region is expected to see during this 10-year time frame. The remaining openings are projected to be from labor market exits, such as retirements, which is slated to equal 116,573 openings or 89.8% of the total openings expected in the region. See Figure 1.

    Despite the region expecting to see over 13,000 new jobs overall, not every occupational group is slated to see job growth. There are three occupational groups that are expected to see negative growth, that is to see some existing jobs go away. This may be for a variety of reasons, such as employers using new technology to replace workers when they leave or dividing up job duties among existing workers when a current employee part ways. These three occupational groups are Office and Administrative Support (down 996 jobs or down 3.8%), Sales and Related (down 962 jobs or down 4.4%), and Farming, Fishing and Forestry (down 11 jobs or down 0.5%).

    Of the remaining occupational groups that are projected to see job growth, the largest numeric growth is predicted to be for Food Preparation and Serving Related (up 3,294), Healthcare Practitioners and Technical (up 2,850), Healthcare Support (up 1,995), Transportation and Material Moving (up 1,367) and Educational Instruction and Library (up 1,099). Together these five occupational groups are anticipated to make up 80.1% of the total new jobs in the region. The largest proportional growth, however, is projected among Food Preparation and Serving Related (up 17.5%), Healthcare Support (up 12.3%) and Personal Care and Service (up 10.4%) occupations.

    On the other hand, every single occupational group is expected to see job openings from 2020 to 2030 due to labor force exits. The largest number of labor force exit openings are estimated to be in Food Preparation and Serving Related (up 15,489), Office and Administrative Support (up 12,332), Sales and Related (up 12,007) and Healthcare Support (up 10,457). Combined, these four occupational groups are anticipated to make up 43.1% of the total labor force exit openings in Southeast Minnesota. See Figure 2.

     

    While there are many job openings in Southeast Minnesota’s future, one question that comes to mind is “Where are employers going to find workers to fill the openings?” Well, some sources of labor could include groups that traditionally have had lower labor force participation rates and/or high unemployment rates, such as younger workers (ages 16 to 19), Blacks or African Americans, and people with a disability. In fact, many of the projected openings are in occupational groups that are prime for youth employment, including Food Preparation and Serving, Healthcare Support (i.e. CNA’s and Personal Care Assistants), and Sales and Related. For more information on youth summer employment check out Oriane Casale’s article in the March issue of the Minnesota Employment Review. Another underutilized group are the previously incarcerated, many of whom come out of prison with valuable skills learned while working while residing in correctional facilities. Some estimates show that the unemployment rate for this group is between 27% and 29%, making this a highly untapped source of employees.

     

    No tags.

    Related Post

    • Downtown Holiday Window Contest

      By BMeier | 0 comment

      Put your holiday cheer on display in the Downtown Owatonna Holiday Window Contest. The Owatonna Chamber of Commerce & Tourism and Owatonna Business Partners invites you to join our downtown neighbors in making this holidayRead more

    • Viracon – Great Buildings Deserve Great Glass

      By BMeier | 0 comment

      After five decades, over 100,000 buildings, and more than 500,000,000 square feet of glazing installed in some of the most remarkable buildings throughout the world, Viracon has established itself as a recognized leader in architecturalRead more

    • David Aaker says we can be better people in business

      By BMeier | 0 comment

      David Aaker is well-known for his expertise in marketing and his ability to help businesses thrive and exceed their goals. His branding concepts, including identifying customer’s interests and creating a community or story around thoseRead more

    • Do This Before The Great Resignation Becomes The Great Revolt

      By BMeier | 0 comment

      Walk down the street outside your business and you’ll probably see at least one “Help Wanted” sign – and you likely have one of your own up, too. The Great Resignation is turning into theRead more

    • What Happened to Supporting Businesses Impacted by Covid Shutdowns?

      By BMeier | 0 comment

      When Covid was at its height, and businesses were being shut down by state government there was a promise to make them whole.  Government grant programs popped up to support business-grants that were competitive andRead more

    • Interview Your Employees So They Stay

      By BMeier | 0 comment

      The Great Resignation is spurring a rash of hiring bonuses, better perks, and aggressive recruitment. You’ve probably heard of or are engaging in focused talent retention – but have you tried the “stay interview?” TheRead more

    • Where to find your next key employee

      By BMeier | 0 comment

      If your business were a car, your key employees would be the engine. These are your superstars, the heavy hitters who apply their talents and skill sets in their positions and generate massive results everyRead more

    • Which business stage are you in?

      By BMeier | 0 comment

      Every business goes through similar stages, no matter which industry it operates in. Knowing what stage your company is in can help guide you in focusing your efforts on the right activities for your currentRead more

    Leave a Comment

    Cancel reply

    Your email address will not be published. Required fields are marked *

    VISIONARY MEMBERS

    OWATONNA.ORG SPONSORS

    JOIN TODAY

    Interested in becoming a member? We would love the opportunity to tell you more about our organization and the benefits of becoming a member!

    MEMBER LOGIN

    Login to your account to make changes to your business listing.

    SIGN UP FOR THE NEWSLETTER

    ABOUT

    Our Chamber has approximately 530 members that invest their resources, employee volunteerism and confidence in the Owatonna Area Chamber of Commerce & Tourism and the business community.

    PARTNERS
    • Owatonna Development
    • Visit Owatonna

    https://www.uschamber.com/chamber-accreditation-program

    MEMBERS
    • Join Now
    • Benefits
    • Member Login

    CONTACT US

    Address
    Owatonna Area Chamber of Commerce & Tourism

    320 Hoffman Dr.
    Owatonna, MN 55060

    Email
    oacct@owatonna.org

    Phone
    507-451-7970

    Owatonna Area Chamber of Commerce & Tourism | All Rights Reserved © 2019 | Log In
    • ABOUT
      • Mission
      • Chamber Team
      • Board of Directors
      • About Owatonna
      • MainStreet
      • Contact Us
    • MEMBERS
      • Join Now
      • Benefits
      • Market Your Business
      • Member Login
      • Chamber Gift Certificates
      • FAQs
      • Business Directory
      • Business Resources
      • Chamber Events
      • Committees/Volunteer Opportunities
    • ADVOCACY
      • Legislative Agenda
      • Government Officials
    • EVENTS & PROGRAMS
      • Chamber Events
      • Business After Hours
      • Business Boot Camp
      • Annual Dinner
      • Golf
      • Young Professionals
      • Grow Minnesota!
      • Owatonna Community Leadership Academy
    • LIVING HERE
      • Community Calendar
      • Owatonna Chamber Foundation
      • Chamber Gift Certificates
      • Find a Job
      • Workforce – SteeleCoWorks
      • Volunteer in Community
      • Visit Owatonna
      • Request a Visitor’s Guide
      • New Resident information
    • NEWS
      • In the News
      • Business Brief
      • Chamber Blog
    • MEMBER LOGIN
    Owatonna Area Chamber Of Commerce & Tourism